article thumbnail

Why contractor pricing misconduct seems to endure perpetually

Federal News Network

Greg Williams Well, I think for me, one of the important differences between defense contract and what we do every day as consumers is that we are powerfully, individually, individually motivated to find the best deals available. And I don’t believe we’re using that power effectively to drive the best prices.

Price 59
article thumbnail

Job Opening: Purchasing Manager

Mike Purdy's Public Contracting

Two (2) years experience as a Purchasing Manager or five (5) years as a Senior Buyer with responsibility for a wide range of buying, including consumable supplies, commodity and/or heavy equipment acquisition. Experience with contract administration strongly preferred. Three (3) years supervisory experience.

professionals

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

Trending Sources

article thumbnail

Thoughts on what is fair and reasonable?

Federal News Network

Specifically, the PAP states that “[t]he term “fair and reasonable” is generally considered to mean a price that is fair to both parties in a transaction , not higher than what the competitive market would bear or a price that a prudent and competent buyer would pay for a product or service under competitive market conditions.”

Price 70
article thumbnail

Thoughts on “What is Fair and Reasonable?    

The Coalition for Government Procurement

Specifically, the PAP states that “[t]he term “fair and reasonable” is generally considered to mean a price that is fair to both parties in a transaction , not higher than what the competitive market would bear or a price that a prudent and competent buyer would pay for a product or service under competitive market conditions.” See Section 2.

Price 49
article thumbnail

ProcureWare Product Tip – Top 10 new features for 2017

Procureware

All phases can be connected into a group, making it easy for bid administrators to manage the different steps. Invite unregistered bidders Particularly for infrequent types of procurement, like accounting software, buyers need to research possible vendors and invite them to respond to an RFP.

Bidder 40
article thumbnail

Government Contracts Cost and Pricing: Introduction to the Federal Acquisition Regulation Cost Principles (Part 1)

Government Contracts & Investigations

18049, 73-2 BCA ¶ 10,088 (contractor could have cancelled subcontract earlier and reduced settlement costs but “perfection in contract administration is not one of the tests of the reasonableness of costs”). [21] 55354, 09-2 BCA ¶ 34,289 (upholding cost disallowances for premium pay because the contract imposed salary caps)

Price 52
article thumbnail

Friday Flash 11/03/23

The Coalition for Government Procurement

Specifically, the PAP states that “[t]he term “fair and reasonable” is generally considered to mean a price that is fair to both parties in a transaction , not higher than what the competitive market would bear or a price that a prudent and competent buyer would pay for a product or service under competitive market conditions.” See Section 2.